Oddity Tech Ltd. (NASDAQ:ODD) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Oddity Tech Ltd. (NASDAQ:ODD) have been given a consensus rating of “Moderate Buy” by the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $53.38.

ODD has been the topic of several analyst reports. Evercore ISI initiated coverage on Oddity Tech in a research report on Thursday, April 4th. They set an “outperform” rating and a $57.00 price target on the stock. Bank of America upped their price target on Oddity Tech from $44.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. Barclays decreased their price target on Oddity Tech from $44.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Friday, May 10th. JMP Securities reissued a “market outperform” rating and set a $66.00 price objective on shares of Oddity Tech in a report on Thursday, March 7th. Finally, Morgan Stanley boosted their price objective on Oddity Tech from $35.00 to $47.00 and gave the stock an “equal weight” rating in a report on Thursday, March 7th.

Oddity Tech Stock Performance

Shares of Oddity Tech stock opened at $37.28 on Thursday. Oddity Tech has a 52-week low of $24.12 and a 52-week high of $56.00. The stock’s 50-day simple moving average is $38.03 and its 200 day simple moving average is $39.82. The stock has a market capitalization of $2.12 billion and a P/E ratio of 31.06.

Oddity Tech (NASDAQ:ODD) last announced its quarterly earnings results on Tuesday, March 5th. The company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. Oddity Tech had a return on equity of 26.10% and a net margin of 12.97%. The firm had revenue of $97.25 million for the quarter, compared to analysts’ expectations of $86.38 million. Equities research analysts forecast that Oddity Tech will post 1.3 EPS for the current fiscal year.

Institutional Trading of Oddity Tech

Hedge funds and other institutional investors have recently bought and sold shares of the company. TD Asset Management Inc purchased a new stake in shares of Oddity Tech during the third quarter valued at approximately $261,000. New York State Common Retirement Fund purchased a new stake in shares of Oddity Tech during the third quarter valued at approximately $507,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Oddity Tech during the third quarter valued at approximately $22,503,000. Ibex Investors LLC purchased a new stake in shares of Oddity Tech during the third quarter valued at approximately $2,855,000. Finally, Maven Securities LTD purchased a new stake in shares of Oddity Tech during the third quarter valued at approximately $1,276,000. Hedge funds and other institutional investors own 35.88% of the company’s stock.

About Oddity Tech

Oddity Tech Ltd. operates as a consumer tech company that builds digital-first brands for the beauty and wellness industries in the United States and internationally. It serves consumers worldwide through its AI-driven online platform, which uses data science, machine learning, and computer vision capabilities to identify consumer needs, and develop solutions in the form of beauty and wellness products.